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A comment on S&P Dow Jones Indices to launch cryptocurrency indexes in 2021. Parent comment

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by JMTQp8lwXL on Thursday December 03, 2020 @12:28PM (#25291599)
Anybody can easily create a coin, but if the coin has no market share or broad usage, it has no practical value.

We can make infinite coin types, with each coin type having an infinite number of tradable units; all that matters is adoption. Bitcoin is far more likely to be accepted than a coin you invent tomorrow.

[ Parent | on HN ]
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by misnamed on Thursday December 03, 2020 @12:35PM (#25291704)
You had it with 'we can make infinite coin types' - who cares about what is adopted today? People change platforms every few years. What happened to MySpace? What's happening to Facebook even now? Where did TikTok come from? There is turnover.
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